外资商业银行对跨国企业流动资金的管理及应用

上海交通大学硕士学位论文外资商业银行对跨国企业流动资金的管理及应用姓名：周明华申请学位级别：硕士专业：工商管理指导教师：屠梅曾20080601,ERP-,:LIQUDITYFUNDMANAGEMENTANDAPPLICATIONTOMULTI-NATIONALCORPORATEFROMFOREIGNBANKABSTRACTWiththefastdevelopmentofChinaEconomicinnewcenturyandglobalizationcoveredmostcountriesinthisworld,ChinawillbemergedintothisprocedureandChinacompaniesmakethisgoodopportunitytodevelopthemselvesasoneChinaglobalcompany.AtthesametimeChinaperformsthepreviouspromiseofWTOtoopenin-countrymarket,speciallythebankmarkettoforeignbank.OncetheforeignbankscompletedthelocallegalregistrationthentheycanenjoythesametreatmentastheotherChinalocalbanks.Somostforeignmulti-nationalcompaniesincreasedtheirinvestmentinChinatoexpandtheirbusinessbyusingtheiradvancedtreasurymanagementtobuilduptheircompetitivepower.Itisveryimportantforthemulti-NationaltofindonegoodreputablebankthatisveryfamiliarwithChina&overseasmarketsandhasgoodcapitalmanagementcapabilitytodecreasecompany’scostandincreasethebenefitsoffloatingfundsaspartner.Inthisarticle,thewriterintroducedwhatisliquidityfundandwhyunderthecurrentsituationthemulti-nationalcompanieshavetoputmoreattentionintheliquidityfundmanagement.Thenthewriterfurtherintroducedtheuniquebankingserviceneededbymulti-nationalcompaniesfromforeigncommercialbanks.Basedonthebankproductsfunctionanalysisthewriterusedoneexistingcasetohelponewell-knownforeignmulti-nationalcompanydesignoneliquidityfundmanagementsolutionandpointoutwhatisitsadvantagesanddisadvantages.Atlastbasedonthewriter'sexperienceandlatestregulation,thewriterstatesonecomprehensiveliquiditysolutionviathisarticle.Thesolutionismakinguseofthenetworkandadvancedproductconceptstohelpmulti-nationalcompanyprocessliquidityfundsbyintegratingtradefinance,supplychainfinanceandcashmanagement.Atthesametimeforeigncommercialbankwillprovidetheirexperiencetohelpclienthowtobuildupoverseastreasurycenteranddomestictreasurycenter.Byusingtechniqueforeigncommercialbankcouldestablishdirectlinkbetweenclient'sERPsystemandthemainframesothatboth'sbusinessrelationshipwillbeveryclose.DuetotheuniquesituationinChinamainland,suchaslimitedbranchnumbersofforeigncommercialbankinChinanormallyforeignbankwillselectonelocalcommercialbankasitsstrategypartnerbankinChinaandestablishbanktobank'slink.Inaword,thissolutioncouldnotonlysavethedailyoperationcostbutalsoenhancethemanagementontheoverseasfunds.Itisalsobeneficialforthereturnofshorttermfundsandaccurateforecastingofcashflow.Thissolutionhasdetailedclarificationfromthefollowingaspects:one-stepcashmanagementplatform,cross-countrytradefinance,supplychainintegration,cross-borderpayment&collection,globalfundsliquiditymanagementandshort-terminvestment,theintegrationofinformationflow,fundingflowandlogisticflow.Thepurposeofwholesolutionistoutilizeforeigncommercialbank'snetworkandproductadvantagestoservemulti-nationalcompanywithanaimtocontrolfinanceriskandgetmorereturns.KEYWORDS:ForeignBank,LiquidityFund,Multi-NationalCompany,CaseStudy200831820083182008318MBA118636.14040%40%20061211WTO5530%40%MBAMBA211.1()60%60%500MBA3():5009MBA4Internet1.21.2.1:(NetWorkingCapital)1.2.2:::1.2.3:1:2:MBA53:,,,,,,,4:121.2.4,:1000110002,345(CashFlowCycle)(Cash-ConversionCycle)MBA61.2.5GreyFilbeckThomasMKrueger:(1):(2):(3):1.320051000MBA77201.3.1CNY1000CNY1500CNY1000CNY500CNY50012,31.4MBA8,20072008,2008,MBA922.119491979199524200111WTO,12,,,2006,,,20061211,WTO,,,2007,,,,2.22006MBA10200710209572130191241271341%58%65%41%0.46%,,,,,,,,,,,2007-():200840-():2007313-()20061030-:20063152.3,,MBA1111Table1theInvestmentofForeignBanktoChinaBankingIndustry500MBA122.42.4.11:,2:3:4:2.4.2:20072001:1949MBA132:1.71%1.7%2006200610331.7%20067.262.862.78%3:,,,MBA1433.1TransnationalCorporationTNCmultinationalenterpriseenterprisecorporation123500500500470200550010930320.204642005101817101050015415019620055004.7150024%3.482.622.092.0617%13%10%10%MBA15v12005500FIGURE1thePercentageofSourceof500Multi-NationalCompanyInChinain200520055004.754.463.332.7650075%50050022005500FIGURE2theAreaInformationof500Multi-NationalCompanyInvestmentsinChinaMBA16:1234(5:123:MBA1712:123456:1:2:3:3.2,MBA183.2.1CashManagement:123:1234567893.2.2MBA19,,,.3.2.33FIGURE3TypicalSupplyChainFinanceforOverseasSupplierMBA20:4FIGURE4TypicaltheFinanceFlowForIn-CountrySupplierCFO3.33.3.1,,,,1MBA21233.3.2500MBA22--15002343.3.36.1,40,,,,,MBA23:1:2:ERP3:MBA243.43.4.13.4.2MBA253.4.3SWIFTMT940MBA26MBA2744.1:5Figure5FinancingviaLiquiditydebt4.1.1MBA28SWIFTERPMBA29ERPCiti-Direct,Easy-PaymentsCiti-BankingCiti-Direct:88Citi-DirectEasy-Payments:Citi-banking:4.1.2:,,,:12345/:,,:MBA30,:,,,1801:2:3:MBA314.24.2.112VirtualAccountERP252Table2theFormatSpecificationofVirtualAccount8888888123456789012312345678908888888-1234567890123-1234567890(,30)MBA326FIGURE6CollectionFunctionofVirtualAccount4.2.24.2.3-MBA334.2.4(CashConcentrationSweeping)7FIGURE7CashConcentrationDailyMovementMBA348FIGURE8CashConcentrationDailyEndMovement:1:ABCA400000B200000C3000001.44%5.67%3TABLE3theCalculationofCashPoolingA0.4M5760B0.2M2880C0.3M-170100.6M0.3M-83700.3M432023MBA3550.5=4.2.5(CashPooling)123MBA364.2.6(Netting)Net